by Eric Landro | Nov 30, 2023 | Uncategorized
For the second consecutive year, the IRS has postponed implementation of the new reporting rule for online payment processors. The new rule that would have led to an estimated 44 million taxpayers receiving tax forms from payment apps and online marketplaces such as...
by Eric Landro | Nov 17, 2023 | Uncategorized
As another year ends with interest rates and markets in flux, one thing remains certain: Reducing your company’s tax bill can improve your cash flow and your bottom line. Below are five strategies — including some tried-and-true and others particularly timely — that...
by Eric Landro | Nov 9, 2023 | Uncategorized
If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you. Should you operate as a C corporation or a pass-through entity such as a sole-proprietorship, partnership, limited liability...
by Eric Landro | Oct 31, 2023 | Uncategorized
If you’re fortunate to have an employer that offers a 401(k) plan, and you don’t contribute to it, you may wonder if you should participate. Contributing to your 401(k) has a ton of benefits. In general, it’s a great tax and retirement saving deal! These plans help an...
by Eric Landro | Oct 27, 2023 | Uncategorized
Recent IRS warnings and announcements regarding the Employee Retention Tax Credit (ERTC) have raised some businesses’ concerns about the validity of their claims for this valuable, but complex, pandemic-related credit — and the potential consequences of an invalid...
by Eric Landro | Oct 24, 2023 | Uncategorized
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for 2024 (up from $160,200 for 2023). Wages and self-employment income above this threshold aren’t subject to Social Security tax....
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